NOT LISTED FOR SALE

6743 W Myrtle Ave Glendale, AZ 85303

Estimated Value: $337,568 - $692,000

-- Bed
-- Bath
2,760 Sq Ft
$201/Sq Ft Est. Value

Last Sold January 22, 2013

Last sale price $130,000 $47 Per Sq Ft

Est. 326% increase in value since last sale

Current estimated payment $3,188/month

14 Days on Market

About This Home

As of January 2013

SELLER MAY CARRY. This is an excellent opportunity to purchase a building with (4) 2BD/1BA units. Unit #3 has upwards of $60K in renovation costs including new flooring, tile, A/C Unit, Paint, Kitchen Cabinets. 2 more units have new floors and paint and need basic cosmetic work, last unit needs work. Missing 3 A/C Units. The Building is being sold As-Is. Situated 3 miles east of the Glendale sport stadiums and less than a mile from the US-60. This property has desert landscaping making it easy to maintain. For the Investor: this property will bring in total rents of $21,600 less 10% vacancy of -$2,160 per year so $19,440 adjusted gross income. Then after projected expenses of $8,882 the amount an investor would pocket is $10,558 per year based on pro forma. This is a 8.12% CAP Rate

Last Agent to Sell the Property

Linda Gerchick

Gerchick Real Estate License #BR114848000 Listed on: 12/11/2012

Co-Listed By

Patrick O'Sullivan

Get Multifamily License #BR634211000

Last Buyer's Agent

David Furnia

Coldwell Banker Realty License #SA635310000

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,021

Year Built

  • Built in 1980

Lot Details

  • 7,449

Home Design

  • Brick Exterior Construction
  • Built-Up Roof
  • Block Exterior

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces

Schools

  • Desert Spirit Elementary And Middle School
  • Glendale High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 8
  • Assessor Parcel Number 143-28-084

Community Details

Overview

  • 4 Units
  • Building Dimensions are 7427
  • Tang Gardens Subdivision

Building Details

  • Gross Income $19,440
  • Net Operating Income $10,558

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,021

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Cross Street: 67th Ave. & West Glendale Ave.
  • Legal Info Range: 1E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 1
  • Year Built: 1980
  • Tax Year: 2012
  • Directions: From 67th Ave and Glendale Ave, head North on Glendale Ave to Myrtle Ave, head West on Myrtle Ave, property will be on the South side of Myrtle Ave.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 1361.0
  • Co List Office Mls Id: gerc01
  • Co List Office Phone: 602-688-9279
  • Subdivision Name: Tang Gardens
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block, Brick
  • Roof: Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 3000.0

Schools

  • Elementary School: Desert Spirit
  • High School: Glendale High School
  • Middle Or Junior School: Desert Spirit

Lot Info

  • Lot Size: 7427
  • Additional Parcels: No
  • Parcel #: 143-28-084

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 4
  • Electric Expense: 200.0
  • Annual Gross Income: 19440.0
  • Insurance Expense: 1200.0
  • Maintenance Expense: 1600.0
  • Property Net Operating Income: 10558.0
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 1021.32
  • Tax Book Number: 143.00
  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 23, 2021
Sold by
Lopez Steven S and Lopez Steven Sergio
Bought by
Galpez Holdings Llc
Current Estimated Value
$554,392

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,500,000
Outstanding Balance
$3,172,945
Interest Rate
2.7%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
-$2,652,076

Purchase Details

Closed on
Mar 24, 2016
Sold by
Lopez Marcela Becky and Lopez Steven S
Bought by
Lopez Steven S and Lopez Steven Sergio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
3.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 10, 2016
Sold by
Lopez Marcela Becky
Bought by
Lopez Steven S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
3.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 8, 2015
Sold by
Sb Rose Properties Inc
Bought by
Galaviz Lopez Steven Sergio and Galaviz Salazar Marcela Becky

Purchase Details

Listed on
Dec 11, 2012
Closed on
Jan 18, 2013
Sold by
Edupuganti Sashikanth
Bought by
Sb Rose Properties Inc
Seller's Agent
Linda Gerchick
Gerchick Real Estate
Buyer's Agent
David Furnia
Coldwell Banker Realty
List Price
$130,000
Sold Price
$130,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.75%
Original Mortgage
$112,000
Interest Rate
3.31%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 14, 2011
Sold by
Paying Cash For Houses Com Llc
Bought by
Edupuganti Sashikanth

Purchase Details

Closed on
Jan 10, 2011
Sold by
Edupuganti Kalpana
Bought by
Edupuganti Sashikanth

Purchase Details

Closed on
Jun 4, 2010
Sold by
Jimenez Glenda and Jimenez Rigoberto
Bought by
Paying Cash For Houses Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,250
Interest Rate
5.03%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 29, 2005
Sold by
Vasquez Ruben and Vasquez Cecilia
Bought by
Jimenez Rigoberto and Jimenez Glenda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,400
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 5, 2001
Sold by
Garcia Ignacio L and Garcia Emma V
Bought by
Vazquez Ruben and Vazquez Cecilia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,037
Interest Rate
6.73%
Mortgage Type
FHA

Purchase Details

Closed on
May 20, 1999
Sold by
Hall Lester and Hall Marian J
Bought by
Garcia Ignacio L and Garcia Emma
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Galpez Holdings Llc -- Chicago Title Agency Inc
Lopez Steven S -- Grand Canyon Title Agency
Lopez Steve Sergio -- Grand Canyon Title Agency
Lopez Steven S -- Grand Canyon Title Agency
Galaviz Lopez Steven Sergio -- None Available
Sb Rose Properties Inc $125,000 Grand Canyon Title Agency In
Edupuganti Sashikanth $85,000 Magnus Title Agency
Edupuganti Sashikanth -- Magnus Title Agency
Paying Cash For Houses Llc $82,001 None Available
Jimenez Rigoberto $270,500 --
Vazquez Ruben $127,000 Century Title Agency
Garcia Ignacio L $397,000 Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Galpez Holdings Llc $3,500,000
Previous Owner Lopez Steven Sergio $125,000
Previous Owner Lopez Steve Sergio $110,000
Previous Owner Lopez Steven S $110,000
Previous Owner Sb Rose Properties Inc $112,000
Previous Owner Paying Cash For Houses Com Llc $57,250
Previous Owner Jimenez Rigoberto $216,400
Previous Owner Vazquez Ruben $174,000
Previous Owner Vazquez Ruben $125,037
Closed Jimenez Rigoberto $27,050
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/22/2013 01/22/13 Sold $130,000 0.0% $47 / Sq Ft
12/25/2012 12/25/12 Pending -- -- --
12/11/2012 12/11/12 For Sale $130,000 -- $47 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,506 $11,280 -- --
2024 $1,380 $10,743 -- --
2023 $1,380 $36,350 $7,270 $29,080
2022 $1,371 $26,080 $5,210 $20,870
2021 $1,354 $23,650 $4,730 $18,920
2020 $1,366 $21,510 $4,300 $17,210
2019 $1,351 $16,650 $3,330 $13,320
2018 $1,300 $13,510 $2,700 $10,810
2017 $1,314 $11,210 $2,240 $8,970
2016 $1,238 $11,060 $2,210 $8,850
2015 $1,149 $12,110 $2,420 $9,690
Source: Public Records

Agents Affiliated with this Home

  • Linda Gerchick

    Seller's Agent in 2013

    Linda Gerchick

    Gerchick Real Estate

    (602) 688-9279

    121 Total Sales

    Linda Gerchick
    Section Image
  • Patrick O'Sullivan

    Seller Co-Listing Agent in 2013

    Patrick O'Sullivan

    Get Multifamily

    (602) 842-5050

    31 Total Sales

    Patrick O'Sullivan
    Section Image
  • David Furnia

    Buyer's Agent in 2013

    David Furnia

    Coldwell Banker Realty

    (602) 463-4521

    102 Total Sales

    David Furnia
    Section Image

  • c

    Buyer's Agent in 2013

    ctf David Furnia

    Realty One Group

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4861474

Arizona Regional Multiple Listing Service (ARMLS)

APN: 143-28-084

Arizona Maricopa County Glendale 85301

6743 W Myrtle Ave, Glendale, AZ

This home is located at 6743 W Myrtle Ave, Glendale, AZ 85303 since 11 December 2012 and is currently estimated at $554,392, approximately $200 per square foot. This property was built in 1980. 6743 W Myrtle Ave is a home located in Maricopa County with nearby schools including Desert Spirit and Glendale High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

Nearby Homes